(Thomson Reuters News & Insight) General counsels see regulation as the biggest risk facing their companies today, according to a new report.
The report, released this week by KPMG, surveyed 320 general counsels in 32 countries and provided excerpts from 16 additional interviews with the general counsels of large global organizations. It was KPMG's first survey of this kind.
Sixty-four percent of the respondents said regulation was the top time-taker for their in-house team, and nearly 90 percent expected both the volume and complexity of their regulatory work to increase in the next five years.
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